Energy

British Columbia’s energy sector is important to the regional economy and is traditionally a key capital raising sector that includes oil and gas.

Reporting issuer energy companies are required to follow National Instrument 51-101 Standards of Disclosure for Oil and Gas Activities (NI 51-101). The instrument is a Canadian securities regulatory standard for oil and gas disclosure which aims to enhance the ability of investors to make informed investment decisions, thus facilitating the raising of new capital by oil and gas reporting issuers

NI 51-101, forms and guidance

Our website provides current and historical policy information related to NI 51-101. Access the following documents including NI 51-101, forms and related guidance, Companion Policy 51-101CP, and CSA Staff Notices 51-324 and 51-327.

Additional resources

The CSA mandated the Canadian Oil and Gas Evaluation (COGE) Handbook as the technical standard for NI 51-101. The Society of Petroleum Evaluation Engineers maintains and distributes the COGE Handbook which can be accessed on its website.

Contact Information and Educational Opportunities

The BCSC works in partnership with Canadian Securities Administrators, including the Alberta Security Commission (ASC). The ASC’s Energy Group is a specialized team within the ASC’s Corporate Finance division that is comprised of experienced and knowledgeable engineers, geologists and other professionals who understand the industry and its challenges.

As part of ongoing educational opportunities focused on disclosure in the energy sector, the ASC’s Energy Group offers regular webinars and periodically publishes the Energy Matters Report. Visit the ASC’s Energy Matters webpage for more information.